Home > Construction > Construction Materials > Structural Materials > Geofoam Market

Geofoam Market Size

Report ID: GMI4413
Published Date: Nov 2024
Report Format: PDF

Download Free Sample

Geofoam Market Size

The global geofoam market was valued at USD 741.1 million in 2023 and is predicted to register a CAGR of over 6.3% between 2024 and 2032, driven by the increasing demand for lightweight and durable construction materials in infrastructure projects. As global urbanization accelerates, particularly in emerging economies, the necessity for stable, high-load-bearing materials such as geofoam is becoming more pronounced. The material's lightweight nature facilitates efficient transportation and reduces structural load, making it an optimal choice for various applications, including road embankments, airport runways, and slope stabilization projects where soil stabilization is paramount.

geofoam market

To get key market trends

Download Free Sample

According to the Expanded Polystyrene (EPS) Industry Alliance, geofoam can reduce the dead load on structures by up to 100 times compared to traditional earth materials, significantly enhancing the stability and longevity of infrastructure projects. The alliance reports that geofoam usage in North American construction projects has increased by 15% annually over the past five years, underscoring its growing importance in the industry.

Geofoam Market Report Attributes
Report Attribute	Details
Base Year:	2023
Geofoam Market Size in 2023:	USD 741.1 Million
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	6.3%
2032 Value Projection:	USD 1.3 Billion
Historical Data for:	2021-2023
No. of Pages:	225
Tables, Charts & Figures:	49
Segments covered:	Type, Density, Application, End Use, Distribution Channel, Region
Growth Drivers:	Rising infrastructure development and urbanization. Increased adoption in green and sustainable construction. Demand for lightweight, high-strength construction materials. Expanding applications in roadways, railways, and airport runways.
Pitfalls & Challenges:	High initial production and installation costs. Limited awareness and availability in certain regions.

Learn more about the key segments shaping this market

Download Free Sample

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global market for geofoam was reached USD 741.1 million in 2023 and is predicted to register a CAGR of over 6.3% between 2024 and 2032, driven by the increasing demand for lightweight and durable construction materials in infrastructure projects.

The EPS segment crossed USD 485.4 million in 2023 and is estimated to grow at a CAGR of 6.4% during 2024 to 2032, due to its lightweight properties, cost-effectiveness, and versatility.

The U.S. geofoam market size surpassed USD 167.9 million in 2023 and is expected to grow at a CAGR of 6.4% through 2032, attributed to its exceptional lightweight properties and superior load-bearing capabilities.

Major players operating in the geofoam industry include ACH Foam Technologies, AFM Corporation, Amvic Building Systems, Atlas Molded Products, Beaver Plastics Ltd., Benchmark Foam, Carlisle Construction Materials, Drew Foam Companies, Expol Ltd., Foam-Control Geofoam, Harbor Foam, Jablite Ltd., Pacific Allied Products, Poly Molding LLC, and ThermaFoam.